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My high level analysis is that this is because of institutionalized 'dispersion of responsibility' stemming from the pure capitalistic doctrine we all have supp
by DesiLurker 4y ago
My high level analysis is that this is because of institutionalized 'dispersion of responsibility' stemming from the pure capitalistic doctrine we all have supposedly signed up for. Essentially you have individual entities whose responsibility (& only one) to maximize the profit. so anything that is measurable ends up getting projected on one dimension of 'capital'. There is a lot of talk about social responsibility but most 'don't be evil' lasts until a few bad quarters and then its back to same story.
No supposedly the govt/unions are supposed to provide a counterbalance to this but for some incredible reason folks here in America are convinced that any collective action is basically soviet style socialism hence out of question. So what we are left with is this dispersion of responsibility to do social good but no one actually in charge of it. And don't even get me started on the Senate composition/electoral college & institutionalized gerrymandering (so you can actually fix it with simple majority you need a special kind of majority).
- yourapostasy 4y ago> ...any collective action is basically soviet style socialism hence out of question. Ironically, the set of interlocking directorships, foundation seats, advisorships, consulting arrangements, share holdings, etc. among politicians, C-suite and EVP layers is every bit as collectivist as an old Soviet farm or modern workers' union. I personally model it as the strongest union out there because it doesn't need to operate by open rules relying upon legislation but is instead an acculturated reinforcement mechanism amongst its members that flexibly adapts to its host socioeconomic framework, making it harder than any conventional union to bust up or influence.